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Fed Set to Roll Out New Low-Rate Pledge

MarketWatch (03/17/14) Greg Robb

Another shift in the U.S. Federal Reserve’s communications strategy is likely to occur when the central bank’s interest-rate-setting committee meets this week, because it is the first meeting to be led by Janet Yellen, the new chairman. Experts say the Fed will not simply lower the threshold to a 6% unemployment rate. Instead, the prevailing view is the Fed will move to a more “holistic” description of labor-market activity.